NewMarket Technology, Inc. Ranked Fifth Fastest Growing Company in North America on Deloitte’s 2006 Technology Fast 500
NewMarket is the First Texas Company to Rank in the Top 5 since
2001 Based on 31,633 Percent Revenue Growth
Dallas, TX, October 19, 2006 – NewMarket Technology Inc. (OTCBB:NMKT)
today announced that it ranked Number 5 on Deloitte’s 2006 Technology
Fast 500, a ranking of the 500 fastest growing technology, media,
telecommunications and life sciences companies in North America.
Rankings are based on percentage revenue growth over five years, from
2001–2005.
NewMarket Technology grew 31,633 percent from less than $1 million
in revenue in 2001 to over $50 million in revenue in 2005, making
NewMarket the fastest growing company in Texas on the Fast 500 ranking
and the first Texas-based company to make the Top 5 since 2001. This
is NewMarket’s third consecutive year on the Fast 500 list. NewMarket
ranked Number 13 in 2005 and Number 312 in 2004.
In addition to ranking Number 5 on Deloitte’s Technology Fast 500,
NewMarket Technology ranked Number 1 on the Texas Technology Fast 50,
which is a ranking of the 50 fastest growing technology firms in
Texas.
“Deloitte’s Texas Technology Fast 500 companies have shown the
strength, vision and tenacity to succeed in today’s very competitive
technology environment. The fastest growing Texas-based company,
NewMarket Technology, is also the third fastest growing United
States-based company,” said Tony Kern, deputy managing principal of
Deloitte’s Technology, Media & Telecommunications industry practice.
“We applaud the successes of NewMarket Technology and acknowledge it
as one of 46 companies in Texas to accomplish such a fast growth rate
over the past five years.”
NewMarket’s CEO, Philip Verges, credits shareholder support and
employee commitment with the Company’s 31,633% revenue growth over the
past five years. Philip Verges said, “This is a significant
accomplishment for NewMarket Technology to make the Deloitte
Technology Fast 500 for three consecutive years and to become the
first top five Texas company on the list in five years. It is an honor
to represent the great state of Texas, as no other Fast 50 region had
more companies make the Fast 500 this year with Texas companies even
out performing the Silicon Valley and New England. Not only is
NewMarket the fastest growing Texas-based company, but the third
fastest growing in the United States, with nearly 30% more total
revenue in 2005 than any of the other companies ranked in the top
five.”
“The Company’s five-year growth has been exceptional from less than
$1 million in revenue in 2001 to over $50 million in revenue in 2005,”
Verges continued. “We continue to maintain a rapid growth rate with
$70 million in revenue forecasted this year and $120 million
forecasted in 2007. This achievement further fuels our excitement,
passion and vision to continue executing our business model by
bringing new technology innovations from concept to production.”
Overall, companies that ranked on the 2006 Technology Fast 500 had
growth rates ranging from 209 to 48,948 percent over five years, with
an average growth rate of 2,145 percent. Forty-six Texas-based
technology companies are included in Deloitte’s Technology Fast 500
with 9 of these companies making the top 100.
Fast 500 Selection and Qualifying Criteria The Fast 500 ranks the
fastest growing technology, media, telecommunications and life
sciences companies in North America. It is compiled from Deloitte’s 16
regional North American Fast 50 programs, nominations submitted
directly to the Fast 500, and public company database research.
Companies are selected based on percentage revenue growth from 2001 to
2005.
Entrants must own proprietary intellectual property or proprietary
technology that contributes to a significant portion of the company's
operating revenues or devote a significant proportion of revenues to
research and development of technology. Using other companies'
technology or intellectual property in a unique way does not qualify.
Base-year operating revenues must be at least $50,000 USD or $75,000
CD, and current-year operating revenues must be at least $5 million
USD or CD. Companies must be in business a minimum of five years, and
they must be headquartered within North America.
To be added to NewMarket’s corporate e-mail list for shareholders
and interested investors, please send an e-mail to
ir@newmarkettechnology.com
About NewMarket Technology Inc. (www.newmarkettechnology.com)
NewMarket Technology Inc. is a Systems Innovation Company.
NewMarket has combined a traditional systems integration and support
services capacity with a specialized asset-based approach to assisting
its clients with the delicate balance between maintaining legacy
systems and gaining a competitive edge from the latest technology
innovations. NewMarket provides certified integration and maintenance
services to support the prevailing industry standard solutions to
include Microsoft (NASDAQ:MSFT), Cisco Systems (Nasdaq:CSCO) and Sun
Microsystems (Nasdaq:SUNW). Concurrently, NewMarket continuously seeks
to acquire undiscovered emerging technology assets to incorporate into
an overall product portfolio carefully packaged to complement the
prevailing industry standard solutions. NewMarket's emerging
technology portfolio includes products for the Telecommunications,
Healthcare, Homeland Security and Financial Services industries.
NewMarket delivers its portfolio of products and services through its
global network of Solution Integration subsidiaries in North America,
Latin America, China and Singapore. As a Systems Innovator, NewMarket
has set itself apart from the systems integration market through the
introduction of a technology business model that monetizes the value
of emerging technologies to improve corporate profits and enhance
shareholder value with the regular issue of dividends. NewMarket
recently announced that it ranked Number 13 on the 2005 Deloitte
Technology Fast 500, a ranking of the 500 fastest growing technology
companies in North America. Rankings are based on the percentage of
revenue growth over five years from 2000-2004. NewMarket’s revenue
increased 18,082 percent during this period.
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss
Verein, its member firms, and their respective subsidiaries and
affiliates. Deloitte Touche Tohmatsu is an organization of member
firms around the world devoted to excellence in providing professional
services and advice, focused on client service through a global
strategy executed locally in nearly 150 countries. With access to the
deep intellectual capital of approximately 135,000 people worldwide,
Deloitte delivers services in four professional areas—audit, tax,
consulting and financial advisory services—and serves more than
one-half of the world’s largest companies, as well as large national
enterprises, public institutions, locally important clients, and
successful, fast-growing global growth companies. Services are not
provided by the Deloitte Touche Tohmatsu Verein, and, for regulatory
and other reasons, certain member firms do not provide services in all
four professional areas.
As a Swiss Verein (association), neither Deloitte Touche Tohmatsu
nor any of its member firms has any liability for each other’s acts or
omissions. Each of the member firms is a separate and independent
legal entity operating under the names “Deloitte”, “Deloitte & Touche”,
“Deloitte Touche Tohmatsu”, or other related names. In the United
States, Deloitte & Touche USA LLP is the member firm of Deloitte
Touche Tohmatsu, and services are provided by the subsidiaries of
Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting
LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP, and
their subsidiaries), and not by Deloitte & Touche USA LLP. The
subsidiaries of the U.S. member firm are among the nation's leading
professional services firms, providing audit, tax, consulting, and
financial advisory services through nearly 40,000 people in more than
90 cities. Known as an employer of choice for innovative human
resources programs, it is dedicated to helping their clients and their
people excel. For more information, please visit the U.S. member
firm’s Web site at
www.deloitte.com/us.
"SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION
REFORM ACT OF 1995 This press release contains forward-looking
statements that involve risks and uncertainties. The statements in
this release are forward-looking statements that are made pursuant to
safe harbor provision of the Private Securities Litigation Reform Act
of 1995. Actual results, events and performance could vary materially
from those contemplated by these forward-looking statements. These
statements involve known and unknown risks and uncertainties, which
may cause NewMarket's actual results in future periods to differ
materially from results expressed or implied by forward-looking
statements. These risks and uncertainties include, among other things,
product demand and market competition. You should independently
investigate and fully understand all risks before making investment
decisions. Contact: NewMarket Technology, Inc. Rick Lutz, Investor
Relations, 404-261-1196 ir@newmarkettechnology.com
www.newmarkettechnology.com |
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